Financial considerations: Upfront costs.
No doubts—buying the property requires high upfront costs.
Here they are:
1. Down payment
2. Arranging the financing (mortgage broker costs).
• Loan origination fee.
• Appraisal fee
3. Closing costs:
• The lawyer’s fees.
• Title insurance fee.
• Inspection fee.
• Surveyors’ fee if needed.
• property insurance.
• Property taxes.
• Mortgage costs.
And now—the upfront costs in rentals:
1. Two months' deposit covering the first and last month's rent.
2. Content insurance.
… but …
PS: Wealthy folks do own real estate.